6475 Washington Street Gurnee, IL 60031
Now offering for sale the Hunt Club Professional Building in Gurnee, IL. The subject property is a six-unit 15, 088 rentable square foot office building that is currently 77% percent occupied by four tenants. The weighted average lease term of the four tenants is over 7 years. All tenants are operating on triple net leases providing for minimal landlord responsibilities and include annual rent increases as a hedge against inflationary pressures. The two additional vacant suites will give a new potential owner immediate upside through stabilization. Also offered is the additional 20, 137 SF or .46 of an acre of vacant buildable commercial land that site behind the parking lot that can be developed into another office property or even rezoned to residential.
6 months ago | Listing updated with changes from the MLS® | |
7 months ago | Listing first seen online |
Based on information submitted to the MLS GRID as of 2024-05-02 05:15 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Data last updated: 2024-05-02 05:15 PM UTC
MRED DMCA Copyright Information Copyright © 2024 Midwest Real Estate Data LLC. All rights reserved.
Did you know? You can invite friends and family to your search. They can join your search, rate and discuss listings with you.